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in how washington, d.c. is going to vote in the election. but in the real world, out in the rest of the country, the president just won reelection and his party, the democrats picked up seats in the house and senate at the same time. before this election, which the democrats did very well and the republicans did not do well, before this election happened, the republican speaker of the house john boehner had proposed that revenues should be raised by this much. this was his pre-election offer. after the election, which his party lost, after contesting on these grounds, after the election where his side lost, look at his new offer. now he's offering this much new reven revenue. his offer has gotten worse. you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the
would describe them. >> what's the biggest proposal you put on the table since the election in terms of raising revenue from closing loopholes and deductions? >> there's a lot of ways to get there, but you could cap deductions at a percent of income. that would be one way to get there. you could eliminate deductions for the wealthiest. >> let me ask you a couple specifics. would you limit the home mortgage deduction? >> there are a lot of options. i'm not going to debate this. >> really? not going to debate this? so he specifically did not say no on the home mortgage deduction. didn't do that. that's the biggest write off that middle class americans have. nor any specifics on loopholes. give us just one loophole, mr. boehner. can't you get one? our tax code is how many thousands of pages and you can't give us one loophole? well, on tv and on paper, republicans refuse to offer details about just how they are going to get all this revenue. timothy geithner explained why the republicans can't sell the specifics of their plan. >> if republicans would like to go beyond these reforms, they
instead. as a republican against president obama in this past electi election. and it's all on tape. this is se lashs almost to the point. we're talking about general petraeus. long-time republican, possible contender, the man who just resigned from running the cia in a sex scandal we still don't understand. here he is on tape talking about how he will have the fox news chairman run his campaign and the owner of fox news will bankroll his campaign and he raises the issue of his wife. there's a certain level of interest in this new tape because of who is on it. beyond that, there's the media factor. here's the fox news channel trying to recruit a presidential candidate for the republican party. the fox news chairman telling bob woodward once he was reporting on this, "i thought the republican field in the primaries needed to be shaken up and petraeus might be a good candidate." he said that on the record. after being caught doing it on tape. which means the fox news channel seriously is not like anything nels news. they officially are just a media arm of the republican party. they ar
? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via limbing tax deductions for the wealthy. the president instead of taking that, running it, ceiling a deal, has been out campaigning for tax hikes. and to cap it off, sent treasury secretary tim geithner down to congress this week with this absolutely outrageous proposal that's basically a compilation of everything the president wanted in his budget. it's beyond what he even campaigned for. and as a result i think most republicans wonder just how serious he is about doing this. they feel things are going backwards. >> that's the way it sounded to me, too. i talk to some senior republicans this week and they are increasingly of the belief that maybe the president wants to back them into a corner that could push them over the cliff and then be able to blame them if you have to recession or for taxes going up on everybody. >> well, i don't doubt that that's what he's trying
of refers appear to have forgotten something happened in november 2012 called a presidential election. >> right. it was an election in which president obama, unprecedented for a democrat, actually ran on a platform of raising taxes. he said, i'm going to raise taxes on the top 2% and he was re-elected resoundingly with it. to what ron said, if it's only $14 trillion, what's the big deal, go ahead and let the rich pay it? that's number one. number two, the other thing that's been exposed and what's true, what's always been true about conservativism is that the core principle is the rich don't pay too much, they pay too little. when they say things like broaden the tax base, they think it's a moral hazard to have a progressive tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest
of this show know ann coulter was right about the election when she said if the republican ares vote for mitt romney they would lose and now she is right again. >> the question is, are they going to raise taxes on everyone? >> they will push all of that and go to the senate and we will lose. >> why are we not here? >> it is the critical question. congress has to be here. >> why are we not here? >> the nation's finances are in a political cliff. >> republican ares are over the barrel are. >> obama is not letting up. >> this is a solvable problem. >> they are waving a white flag. >> in the 20 second sound byte world in which we live, that is the take away. >> they will be pushing that and it will go to the senate and we will lose. >> we don't have a revenue problem. >> we lost the election, sean. this is a solvable problem. >> he is not budging. >> obama is not letting up. >> there is no hard deal on the table yet. >> this is a dangerous game. >> they don't believe republicans are going over the cliff. >> let's go over the cliff. >> are they going to raise taxes on everyone? >> they will be pus
since the election for the president to put out what everybody already knew he wanted, so what -- >> the first meeting, the president laid outlet the rates go back up. the assumption that simpson-bolles had, the assumption that gang of six hilary clintons and said to our republican colleagues give us back what you want for a down payment. we're not going to solve all of this by the end of the year. then they said no, give us more details. through sakt geithner they've laid out more details. i think it's also -- >> in terms of new details, and it's taken so long. >> it's also incumbent on the president to realize that this is a conversation that he has to have not just with washington but the rest of the country. bringing in business leaders, small business leaders, going out across the country. one reason i think why this time it's going to be different from the failures of the past, the debt krilg debacle, the failure of the super committee, is i think the american people and particularly the american business community, realize what's at stake, and i think an awful lot of us,
. president, after a status quo election, and if you talk to folks at the white house, they don't view it as a status quo election. they thought what they had was a huge victory, and they are just -- if you're flying at 35,000 feet, you see the difference between both of them here is babe e boehner is like our margins in the house, you know, we still have a sense of clout. democrats are saying we increased our clout. this offer is meant by boehner to say the first one from geithner was the white house's position was the white house budget. we could have come back with the house gop budget. we're trying to do something that's middle ground. but the white house does not believe it was a status quo election. they believe they were handed a resounding victory. >> absolutely. nbc's luke russert. thanks so much. let's get right to our panel now. msnbc contributor ari melber is with me in the studio, and democratic strategist julian epstein joins us from washington. speaker boehner today hold reporters the president is in la la land. then he presents a counteroffer based on the mythical dynam
of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era tax cuts, even as the boehner budget slashes $1.2 trillion in spending, half of it from medicare, medicaid, and other social programs. it is a lump of coal del
is when the governor lost the latino vote and the presidential election to win the gaap primaries he was tougher on illegal immigrants than any of his rivals, rejecting the dream act supported by governor perry, mocking as an necessary city speaker gingrich's call for mercy for those who have been here ten years or more. the results were stunning stunnd decisive. barack obama won 79% of the latino vote. more than enough to give him almost every swing state and the popular vote. and with the latino population growing faster than any other, the future looks bleak for the g.o.p. either the republicans begin to attract more hispanics or latinos or they're headed the way of the do-do; so some republicans in the senate have proposed what they call the achieve act. the watered-down version of the dream act. and in the house of representatives, on friday, runs actually passed what they call the stem act, which increases the number of certain visas. will those moves make a difference among latinos? will it bring them back to the gaap? fasten your seatbelts as i ask republican congressman raul
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. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage foundation. don't cry for demint. the out-going president of the heritage foundation made $1.1 million according to 2010 tax filings. demint will do just fine. it's not just about the money. the senator realizes he could be more effective for the conservative movement if he's not attached to the dysfunctional party known as the republican party. in a statement, demint said "i'm leaving the senate now but i'm not leaving the fight. i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas." he was more to the point on cnn earlier today. >> this will give me the opportunity to help take our case to the american people and to translate our policies into real ideas. >> so you think you could be more influential within the conservative movement as the leader of the heritage foundation as opposed to a united s
want to thank governor huckabee to have me guest host. it is it a month since the presidential election and half of the country is elate vindicate they voted for president obama and walking on cloud 9. the other half not so much. sleepless.nfuse despondant they wonder if the nation has gone mad and want to return to common sense not another four years on fantasy island. we are taught as kids to be good sports man and not gloat and give the other side high 5 and say good game. have we seen much much that. nope. being a good matter means being a gracious winner and a good spirited loserine if it is hard to feel that way. let losing party must ask why didn't people vote. enough self flagellation. it is time it get up and give high fives they deserve and get to work. what is the alternative? anger? sad depression? that's no way to live and it is certainly no way to win an argument let alone future elections . so what now? it is not time to change principles . the values of individual liberty and personal responsibility and ability to move up the ladder, they are timeless valms and what is h
elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal. >> what happens if -- what happens to republicans who go along with a debt ceiling increase? if they go along with the debt ceiling increase without a balanced budget amendment and the kind of stuff you're talking about? >> i think for the most part they're gone. it would be the most toxic vote we could take. >> demint's far right ideology is a key reason nothing gets done in this congress. house speaker john boehner is currently being pressured by demint and his followers to refuse any debt deal with tax increases. demint was on ru
election and about half the country remains elated, vindicated triumphant. they voted for president obama and are walking on cloud nine. the other half, well, not so much. they are confused, despondent, even sleepless, they wonder if the whole nation has gone quite mad and want to return it common sense not another four years on fantasy island. now, we're taught as kids to be good sportsmen, not to gloat after winning, to give the other side a high five and say good game. have we seen much of that from the winners since november 6th? nope. but no matter, being a good sport means not just being a gracious winner, it means being a good-spirited loser, even when it's hard to feel that way. half an election, the losing party must ask, what went wrong, why didn't people come out to vote. but enough self-flangelation, it's time to get up and dust ourselves off and walk to midfield, give them the high five they deserve and get to work. what is the alternative? anger? sadness? depression? that's no way to live and it's certainly no way to win an argument, let alone future election. so, what now?
for them. >> the president campaigned for re-election on the idea of a, quote, balanced approach, end quote, to deficit reduction. a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them this week. >> i can tell you what i presented if it would be helpful. >> let me ask you. >> but it's our plan. why don't you let me do t why don't you let me explain it. >> well, i would like to ask you about this part of it and then anything i leave out you can tell me. 1.$6 trillion in tax increases, more than $80 billion in new stimulus spending next year, and an unspecified nonguaranteed spending cuts. question, is that your idea of balance? >> it is. let me explain what is in this plan that they didn't report to you and they didn't explain to people, which is we have proposed alongside the trillion dollars in spending cuts, we agreed with republicans last year on defense and other range ever programs, we proposed $600 billion of detailed reforms and savings to our healthcare and medicare programs. that's $600 billion. in fact, the healthcare savings
spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be playing out on the right. and i ask you again, is closing a loophole and ending a deduction the same thing as raising taxes? >> you have to look at the whole package. i mean i would think if you're going to -- and the other key thing here is, anybody -- >> is that a no? >> you have to -- first you have to look at the whole package and find out what's in it. to sit here and shoot at negotiating strategie
go up just a little bit. we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's address so they've handed him a different microphone, the leaders inside this room can hear exactly what the president is saying but his audio is too low for us to be able to share it with everybody. we're still working on that. when we see and hear about the fact this two-step plan getting something done for the middle class by the end of the year, does this set up the scenario we live in a perpetual state of fiscal cliff loopness, this is the same old dog and pony show every six months to a year fighting over the same things and not big, bold leadership? >> i hope no
the election. >> exactly. these are savings, about a third of which were reducing the subsidy for insurance companies providing medicare advantage programs and the rest of them pretty much cut to providers and we didn't reduce services. we expanded some while leaving money over the long term and the cbo said the affordable care act will save $1.2 trillion. again, we need to be careful what we do with the medicare portion of the social safety net because we've actually made some significant changes that have yet to play out. >> all right. thank you very much, sir. we greatly appreciate your time. >> my pleasure. >> now, ab stoddard, erin mcpike and keith boykin. a.b. let's start with you. let's read what senator demint and senator paul had to say about the proposal of boehner and the republicans. the $800 billion tax hike will destroy american jobs. if neither party leadership puts forward a serious plan, we should end this charade. ran paul says, one party proposes $800 billion in tax increases to counter them and continue to be the low tax small government party. the other party leadership
that is good for families. ♪ >>> it's exactly one month since the president's resounding re-election, but if you thought the campaign was over, you'd be wrong. in the fight over the fiscal cliff, the president is again reaching out to voters for their support. this afternoon a northern virginia family got a special visit after sharing their story about how a $2,200 tax increase would hurt them. and for the president, it was a chance to remind the public and congress that without a deal, taxes will go up for everyone at the end of the year. >> the message that i think we all want to send to members of congress is this is a solvable problem. the senate has already passed a bill that would make sure that middle class taxes do not go up next year by a single dime. it's very important that we get this done now, that we don't wait. >> with just 26 days before the country goes over the edge, the president and speaker boehner spoke last night, both are staying mum about what exactly was said, but the president made clear today that he's not budging on top earners. >> just to be clear, i am n
democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear thathe was supporting tax cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief white house correspondent. joining me now, a pulitzer prize-nning journalist, campaign strategists, former reagan political director of, veteran democrac campaign strategists. we thank you all for being here. let's tun, if i may, to you. this is an impasse, a stal i'm going to be the one who raises taxes, but you're going to be the ones to cut medicare. if u want cuts in entitlements, but the mob. i'm not going to do bothfor you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentiv
seen anything like it seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. lou: the speaker, an absence of actual conversation or anything resembling negotiations sent a letter to the president with the republican counteroffer which included $800 billion in new revenue through tax reform, closing loopholes and deductions instead of raising rates. 1 trillion in spending cuts to including health care reforms such as raising the medicare retirement age and limiting the cost of living adjustments for social security recipient. meanwhile, a brand new poll dismisses the president's claims of a mandate to raise taxes. a survey of 800 obama voters split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. l
? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >> all his guys, or in some cases, his women. lou: do you know who's on the list? >> i don't know the names on the list, but the people on the list, i'm told, were complet
like it. we have seven weeks between election day and the end of the year, and three of those weeks have been wasted with this nonsense. >> okay. >> treasury secretary tim geithner appeared on five separate sunday morning talk shows. he says it's the gop who have been short on specifics. >> we said how and how much and who should pay. they haven't proposed what they think. >> joining me now is california congressman karen bass. thank you for your time. >> thank you for having me on, tamron. >> let me start off with a question on twitter already posed to the president, and it was what are you willing to compromise to get the fiscal cliff done? what's your answer to that question? >> i think, first of all, many compromises have been done. for example, in the cuts issues there's been over a trillion dollars of cuts. i think democrats have demonstrated over and over again we're willing to compromise and willing to make more compromises, but it's the republicans now that need to come to the table and counter the proposal that the president put forward last week. >> part of the counter of
since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the gop plan changes how social security benefits are calculated, something addressed under the president'
it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for trying to move. the process along and getting to a point where hopefully we can have a real discussion. >> house democrats are cranking up the pressure. tim walsh of minnesota introduced a discharge petition on the middle class tax cuts in the house. if it gets 218 signatures, it would get a floor vote before the end of the month. >> thi
tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today when speaker boehner goes in front of the cameras. will he show signs of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. dard
. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put it in place, caps, specific numbers, that could be worked on next year. essentially you're going to bank specific things the white house would give. perhaps an increase in the medicare age. perhaps a change in the cpi in terms of how social security is doled out. the idea that's what the plan would possibly look like. that was a movement more towards the center. as president obama said it's unacceptable. when i was walking over here i spoke to a senior republican sena
's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a deal here, that progress is being made. >> all of this is smoke and mirrors. all of this deficit reduction stuff, there isn't any. there aren't any spending cuts. >> greta: while democrats and republicans fight it out, the nation is waiting and waiting and waiting and suffering as they wait. former new york city mayor rudy guiliani joins us. good evening, mayor. >> how will this unravel? >> if you take them at their word, it sounds like the president is anxious to go over the fiscal cliff, and he leaves very little room for republicans to negotiate with him with a 1.7 trillion dollar tax increase, 50 billion more in stimul
. the post-election year itself is the worst year of the cycle. even research put out recently still shows there is an issue there. i look back to the secular bear market of '66 to '82 period. four election year exits in six at this sate, '72, '76 and 80 where we had significant bear market the following year. i think we're in a similar situation. nothing ever repeats exactly but i think there is rhyming going on. david: milton friedman says there is no such thing as a free lunch but there is on wall street. tell us about the free lunch and how it might affect investing. >> this catches attending on the friedman comment but there's a small cap effect, john effect which we found starts in mid-december. most of that move for the small caps happens last two weeks of december. what we found over the year stocks making new 52-week lows around mid-december or we moved it up to triple-witching day, a lot of volatility. and call through some of the stocks and pull out really bizarre ones and trim down, anything that is not a common stock preferred, new issues, that sort of thing. this is averaged
think that elections do have consequences, the american people since seem to support they want to stick it to the rich, i do not agree with that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessions on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not a way of getting concessions in the future. neil: from the get go they put up that 800 billion figure. >> a starting point, the problem is that, as you know, not only will the democrats want more in taxes, but they have in place, with this horrible deal that was done a year and a half ago with debt sealing that gives deal -- there is a deal in place. and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president si
thing in the election, these demographic shifts that really helped reelect the president. i want to say one more thing on the point on taxes. if there's anything the president has a mandate for, raising taxes on the wealthy. the surveys say the majority of americans are in favor of this and i want to point out there is no evidence to show that higher taxes or an impediment to growth. look at the clinton years versus the bush years that came after and see that difference. >> rana, always great to have you here. chris thank you as well. >> thank you. >>> yet another sign that washington can't work together, though, a u.n. treaty that would globally ban discrimination against people with disabilities came up for a vote in the senate yesterday and it failed, even though it was modeled on u.s. law, the americans with disabilities act, and that's in spite of it already being ratified by 126 other countries and in spite of the support of former republican senator bob dole who made this rare appearance on the senate floor in a wheelchair. senator's john mccain and john kerry made an emotional p
left. i'm still optimistic. i think the president cannot be the one who blinks. he won the election and if we do go over the cliff or whatever we want to call it, the president has the high cards because the bush tax cuts all expire. that would save $1 trillion over ten years. so i think there's more fear and. loathe'ing on the republican side. >> impure thoughts. can the gop push back on the will of the public. >> well, it it depends on how the negotiations play out. what i point out is he gets a lot of attention, but it's simp simply a manifestation of many republican primary voters are and have been regarding tax increases. that, to me, is an important factor. and i think that if this deal or some deal, whether it's an initial deal is going to get done by the end of this year, you need to look at whether the two sides are having talks about who is going to blink first or trying to reach a win-win deal. if they are trying to sell it as a victory, we have a good chance of at least solving the tax issue heading into january. if it's about making the other guy blink or i don't want t
essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: and boehner says he was flabbergasted when he was given the proposal. >> heather: and democrats are defending themselves? >> treasury-secretary tim geithner on fox news defending the president's plan for raising revenues, cutting spending and reduce the deficit by $4 trillion over the next ten years. he said the ball is in the g.o.p.'s court. >> you have heard them for the first time i think in two decades they are willing to have revenues go up to make a balanced plan but they have to tell you what they want do on rates and revenues. >> he says there is no plan to an agreement unless they acknowledge tax rates have to go up for the wealthiest americans. >> heather: thank you very much. with less than one month to reach a deal there is new urgency to reach a deal. comin
: that is the story. the story is it's buried and before a presidential election, this administration said we're just going to conduct an investigation. they hid under the term "investigation" and they could say don't ask any questions because it's being investigated. the biggest issue is why wasn't the embassy secured? we won't have to ask where the video if we had secured the embassy. but, you know, i just think this whole thing, this will die because we -- there is not enough people to stay on it. >> eric: the rest of the embassies secure now? there is the story. if they haven't cut so much money from the -- >> dana: the media covered this heavily and it was the inability to connect the dots and prevent 9/11 from happe happening. fair criticism. but you have a direct contradiction. the president declined to call it terrorism and called it terrorism later on. of course i did. crowley backs him up. he says it on september 12. three days later, says something totally different. so the media points out hypocrisy to show a hole between arguments missed this one. didn't pass this off. >> andrea: it's st
a mandate to raise taxes. i won election. i didn't run on raising taxes on anybody. i have a mandate as well. gerri: all right, thank you, and should congress and president stay in washington until the cliff is resolved? log on, vote, and i'll share the results at the end of the show. put them in a room, lock the door, throw away the key. it's a thought. with negotiations stalled, thous out of town, going over the cliff? let's did douglas holtz-eakin, the former cbo director. doug, the house is gone. they are on vacation. how did the people leave? we have the biggest fiscal crisis of i don't know how long, something to do something about it? it's one thing to have a big recession. it's another thing when the problem is of your own creation, and you turn your back on it. what do you make of this? >> well, it's a very dangerous situation. if we go over the cliff, the taxes go up $39 # -- $395 billion, spending slashed, a plunging economy, a recipe for a recession, something no american needs to hear about now. getting past the fiscal cliff is an imperative. we are having a one-sided conversati
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